Founder of Shark Tank-backed startup Scholly sues Sallie Mae over data privacy and wrongful termination
Chris Gray, founder of Scholly, has sued Sallie Mae for wrongful termination and data misuse following the 2023 acquisition. Gray alleges that Sallie Mae violated privacy promises by selling user data, including that of minors, and laid off his employees. The lawsuit seeks backpay, punitive damages, and legal costs.
Topics: corporate acquisition data privacy fintech SEC filing wrongful termination